Well, I’m so glad you asked. Since I have two MPEG-encoding tuners, it’s amazing what my poor little Sempron chip is capable of.
Right now, 60% of the CPU is being used by mythtranscode, which is going through the movie Road to Wellville and removing all the commercials while compressing it to MPEG4 instead of the default MPEG2 (about half the size with equivalent video quality). Another 22% of the CPU is being used to transcode the movie LA Story from DVD to MPEG4, so I don’t have to find the disk to watch the movie whenever I want to (and just to prove I can). Meanwhile, both tuners are recording shows (Surface and Stargate, I believe) and I’m watching the Simpsons from last night.
I’ve really been abusing the recording features, and I’ve got 66 programs saved, using 68 gigs of my 212 available. After removing commercials and transcoding to MPEG4, a 30 minute show fits in 360 megs.
 
              
            
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